G4S - AGM 16 May 2019
Item 2: Approve the Remuneration Report
The remuneration structure is more heavily weighted to long-term performance. The executives requested to waive their bonus for the year given the failure to meet financial targets, even though personal performance would have entitled them to a partial payout. The quantum for the year was moderate and incentive pay is not excessive by UK standards. We recommend shareholders approve.
G4S is a security company that provides security and related services. Co.'s Secure Solutions products are comprised mainly of manned security and facilities management services, and its Cash Solutions products are comprised mainly of physical cash management services. Within the Secure Solutions services, Co. also provides: technology services, comprising the supply, installation and monitoring of alarm systems, and security and building systems technology; facilities management; and care and justice services. Within the Cash Solutions services, Co. also provides technology services to retailers, comprising hardware and software for customer cash management and related services.
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